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10. What is Clark's cost of goods sold during 2000? Direct materials Beginning inventory $25,000 Purchases 77,000 Ending inventory 13,000 Direct manufacturing labor 20,000 Manufacturing overhead 15,000 Ending work-in-process inventory 5,000 Beginning work-in-process inventory 1,000 Ending finished good inventory 20,000 Beginning finished goods inventory 30,000 Ⓒa. 130,000 b. 120,000 O c. 110,000 Od. 100,000

10. What is Clark's cost of goods sold during 2000? Direct materials Beginning inventory $25,000 Purchases 77,000 Ending inventory 13,000 Direct manufacturing labor 20,000 Manufacturing overhead 15,000 Ending work-in-process inventory 5,000 Beginning work-in-process inventory 1,000 Ending finished good inventory 20,000 Beginning finished goods inventory 30,000 Ⓒa. 130,000 b. 120,000 O c. 110,000 Od. 100,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question 10 10. What is Clark's cost of goods sold during 2000? Direct materials Beginning inventory $25,000 Purchases 77,000 Ending inventory 13,000 Direct manufacturing labor 20,000 Manufacturing overhead 15,000 Ending work-in-process inventory 5,000 Beginning work-in-process inventory 1,000 Ending finished good inventory 20,000 Beginning finished goods inventory 30,000 O a. 130,000 b. 120,000 O c. 110,000 O d. 100,000
Transcribed Image Text:Question 10 10. What is Clark's cost of goods sold during 2000? Direct materials Beginning inventory $25,000 Purchases 77,000 Ending inventory 13,000 Direct manufacturing labor 20,000 Manufacturing overhead 15,000 Ending work-in-process inventory 5,000 Beginning work-in-process inventory 1,000 Ending finished good inventory 20,000 Beginning finished goods inventory 30,000 O a. 130,000 b. 120,000 O c. 110,000 O d. 100,000
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